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Media decide which ‘fuel’ prices to follow

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Friday June 27, 2014 5:29 AM

When the price of Starbucks coffee increases by 5 cents to 20 cents per drink, it propels the
news media into an orgy of headline hysteria (“Starbucks to raise price of some drinks,” Associated
Press article, Saturday
Dispatch).) But 30- to 40-cent jumps in the local pump price of gasoline fail to merit a
yawn, and yet they are far more damaging to the economy.